Can I transfer assets to my spouse to reduce CGT?

Yes. Transfers between spouses and civil partners who are living together are made at no gain and no loss for CGT purposes. There is no immediate CGT charge on the transfer. This means an asset can be transferred to a spouse before disposal so that both annual exempt amounts are used and, where one spouse has lower income, the lower CGT rate may apply to their share of the gain. The transfer must reflect a genuine change in ownership.